Overcast
63°
Morris, IL
Overcast|Forecast »

House GOP backs off default threat

  Comments (...)
Text Size: AaAaAaAaAa

(MCT) — WILLIAMSBURG, Va. — House Republican leaders abruptly announced they will vote next week to temporarily extend the nation’s debt limit, sharply reducing the threat that the government might default on its obligations, but leaving the party still divided as it casts about for the best way to pressure President Barack Obama for more budget cuts.

The move Friday by Republican leaders, who have been holed up for days at an annual retreat at a snow-dusted private resort in Virginia, is a turnaround for the party. Until recently, Republicans had touted the debt ceiling as a prime point of leverage they could use in their battle with Obama over spending.

Many Republicans, particularly in the House, are still smarting from the tax hikes on the wealthy the president won in the New Year’s Day “fiscal cliff” deal. They are primed to fight for cuts to Medicare and other domestic programs, while seeking to divert Obama from his own priorities on gun control and immigration.

But House Speaker John A. Boehner and other members of the leadership have been warning their restive members that a fight over the debt ceiling risked harm to the economy for which Republicans likely would receive the blame. They have been looking for a way to sidestep a battle that they feared could further damage the Republicans’ standing with voters.

The new plan would raise the debt limit, which currently stands at $16.4 trillion, for a few months in exchange for a promise that the Democratic-controlled Senate will not miss the traditional April 15 deadline to pass its budget — a habit that has irked conservatives. Instead of staging a spending fight over the debt ceiling, Republicans would aim at one of two budget deadlines come up in March.

To compel senators to comply with the budget requirement, the plan calls for their pay to be withheld if the deadline passes without action. That provision, however, may not pass constitutional muster. The 27th Amendment provides that “no law, varying the compensation” of members of Congress can take effect until after an intervening election. The amendment was passed to prevent a Congress from voting itself a raise, but may also prohibit withholding a member’s pay, constitutional lawyers and some members of Congress said.

Previous Page|1|||

Comments

Total Comments
0

View/Add Comments

There have been no comments made about this story.

Reader Poll

Were you impacted by last week's flooding?

Yes, but only inconvenienced by closed streets
Yes, water got close, but everything worked out OK
Yes, I had to evacuate my home or workplace
Yes, my house sustained extensive damage
No, I managed to avoid it all